Hottest November 20, 2009 China Plastics warehouse

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On November 20, 2009, China Plastics warehouse receipt PP market brief comment

China Plastics price index rose 0.52 points to 1013.96 points, and China Plastics warehouse receipt index rose 4.84 points to 977.62 points

I. upstream review

on Thursday (November 19), the settlement price of West Texas light oil futures in December on the New York Mercantile Exchange was $77.46 a barrel, down $2.12 from the previous trading day, with a trading range of 77 $87; The January futures settlement price of Brent crude oil on the London Intercontinental Exchange was $77.64 a barrel, down $1.83 from the previous trading day, and then the punch was selected according to the required anti pendulum impact energy of the experiment, with a trading range of 77 79 dollars

II. Fundamental news

① spot market:

pp market rose slightly, but the rise was slightly weak. Today, driven by the sharp rise of petrochemicals and the overall shortage of resources, traders' confidence in the short-term future market has increased, and they have raised market prices, but there are few high-level transactions. The market transaction atmosphere was cold, the buyer had little intention to purchase high priced resources, and the seller increased its efforts to ship goods. The latest quotation of Yuyao plastic city, the mainstream of domestic copolymers is reported as yuan/ton, and the mainstream of imported copolymers is reported as yuan/ton

② dynamics of China Plastics spot Mall:

the listing of PP in China Plastics spot mall at noon today, the quotations of some brands were adjusted, mainly rising by between yuan/ton, and the adjustment ranges of the other two brands were relatively large, rising by 600 yuan/ton and 700 yuan/ton respectively

III. technical status

main warehouse receipts

opening price

closing price

settlement price

trading volume

order volume






short time: short time (within 5 minutes) downtime








today's opening, PP warehouse receipts opened low and rose, and soon the market returned to yesterday's settlement level, And the rise continued to expand. By 11:30 a.m., the trading ended, and the PP warehouse receipt index was up 3.49 points to 1124.06 points. In the afternoon opening, the warehouse receipts continued to rise step by step, and closed up in the late afternoon. The final PP warehouse receipt closed at 1126.38, up 5.81 points or 0.52% from the previous trading day. On the index day, the K line closed at the short positive line, the center of gravity of the entity shifted, the MACD index rose on both lines, the red column shortened, the KDJ index continued to stabilize, the opening of the BOL line continued to enlarge, and the price line shifted horizontally. Today's trading volume is acceptable, with the trading volume of 1808 batches and the order volume of 4000 batches

pp1001, the main variety, continued to oscillate sharply. In the afternoon, the company's headquarters in Xiamen, the market rose sharply, and the market closed up sharply in the late afternoon. At the end of the session, pp1001 closed at 10385 yuan/ton, up 136 yuan/ton, and the daily K line closed at the long positive line

IV. aftermarket forecast

despite the sharp adjustment of crude oil, the forward basis gradually narrowed under the boost of Petrochemical's repeated rise. Liansu and warehouse receipts digested a certain amount of adjustment pressure after three consecutive trading days of volatility. From today's market trend of oversold, the confidence of investors recovered, which is likely to have a high impact in the short term, and the short-term operation of bargain hunting and light warehouse construction is more

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